Company profile

Ticker
CRAY
Exchange
Website
CEO
Peter Joseph Ungaro
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Tera Computer Co
SEC CIK
IRS number
930962605

Calendar

2 Aug 19
1 Dec 20
31 Dec 20

News

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
25 Sep 19 Ungaro Peter J Common Stock Sale back to company Dispose D No 35 3,443 120.51K 0
25 Sep 19 Ungaro Peter J Common Stock Sale back to company Dispose D No 35 316,400 11.07M 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 27.1 64,803 1.76M 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 18 100,000 1.8M 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 31.45 28,000 880.6K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 27.83 30,000 834.9K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 26.58 36,000 956.88K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 19.64 53,000 1.04M 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 12.08 65,000 785.2K 0
25 Sep 19 Ungaro Peter J Stock option Common Stock Sale back to company Dispose D No 6.08 100,000 608K 0
13F holders
Current Prev Q Change
Total holders 0 2 EXIT
Opened positions 0 1 EXIT
Closed positions 2 0 NEW
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Largest transactions
Shares Bought/sold Change
Proequities 0 0
IFP Advisors 0 0

Financial report summary

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Management Discussion
  • Total revenue decreased by $59.6 million for the first six months of 2019 compared to the first six months of 2018, from $199.8 million to $140.2 million, due to lower product revenue. Product revenue was $63.8 million lower in the first six months of 2019 compared to the first six months of 2018, primarily driven by fewer high-dollar value product acceptances in the first half of 2019 as compared to the first half of 2018.
  • Net loss for the first six months of 2019 was $72.0 million compared to net loss of $36.0 million for the same period in 2018. The increase in net loss was primarily driven by lower product revenue, transaction costs of $7.6 million related to the Merger, and an increase in research and development costs of $13.7 million.
  • Net cash used in operating activities was $71.2 million for the first six months of 2019 compared to $0.2 million for the first six months of 2018. Net cash used in operating activities for the first six months of 2019 was primarily driven by our net loss, adjusted for non-cash expenses, of $56.0 million, and a $16.4 million decrease in customer contract liabilities as the associated revenue was recognized. These amounts were partially offset by a decrease in accounts receivable of $11.4 million due to payments from customers.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: comparative, defending, replacement, slowdown